BUS 433 Entire Course
ASHFORD BUS 433 Entire Course New Business Strategy
ASHFORD BUS 433 Complete Week 1 Quiz and DQs
ASHFORD BUS 433 Week 1 DQ 1 Nature of Strategic Planning
Nature of Strategic Planning. In a 250-300 word post, answer the following questions: What is strategic planning? How does it differ from other forms of planning? Why is the strategic planning process important to entrepreneurs in starting a new venture? Respond to at least two of your classmates’ postings.
ASHFORD BUS 433 Week 1 DQ 2 Strategic and Entrepreneurial Thinking
Strategic and Entrepreneurial Thinking. In a 250-300 word post, respond to the following: Provide a definition of entrepreneurial thinking. What role does entrepreneurial thinking play in strategic planning? Respond to at least two of your classmates’ postings.
ASHFORD BUS 433 Week 1 Quiz
1.Question :To make winning moves, managers must find _______ and ______ that meet customer demands.
sales, products
business models, products
profitable patterns, business models
business models, sales
2.Question :What a company currently is best at is incorporated into its _____________.
vision
mission
goals
objectives
3.Question :_____________ strategies differ from _______________ ones.
Original, adapted
Original, realized
Realized, intended
Intended, original
4.Question :Changes in the rules of the “game” of strategy occur not only because of variations in the legal and ethical climate, but also because of changes in technology and __________.
competition
economics
laws
ergonomics
5.Question :To achieve sustained competitive advantage, a manager must
Lower prices
Locate in another territory
Meet customer demands
Have presence on the Internet
6.Question :A strategic inflection point may arise from
new technologies
transformations in competitor values and preferences
constant regulatory conditions
all of the above
7.Question :
Which of the following is NOT a mechanism to protect a firm’s sustained competitive advantage (SCA)?
The industry structure
Peculiar configurations of resources, capabilities, and competencies
Continuous positioning and repositioning
All of the above are protection mechanisms
8.Question :EVA means
Every value available
Enhanced value added
Economic value advantage
Economic value added
9.Question :______________ is the evolution of a general idea through continually changing circumstances.
Vision
Mission
Strategy
Objective
10.Question :The goal of strategic management is
sustained customer advantage
sustained comparative advantage
sustained competitive advantage
sustained collaborative advantage
ASHFORD BUS 433 Complete Week 2 Quiz and DQs
ASHFORD BUS 433 Week 2 DQ 1 Internal Competencies
Internal Competencies. In planning, one component to explore is how an entrepreneurial organization’s internal competencies help to achieve a strategic advantage in the marketplace. In a 250-300 word response, answer the following: What steps/actions would an entrepreneur take to determine whether the entrepreneurial venture has the appropriate internal competencies to achieve competitive advantage? Respond to at least two of your classmates’ postings.
ASHFORD BUS 433 Week 2 DQ 2 External Feedback
External Feedback. Select a company and in a 250-300 word response, identify what you believe are the company’s “listening posts” (key opportunities) for getting feedback from the external environment. Could the company expand its listening posts? How? Respond to at least two of your classmates’ postings.
ASHFORD BUS 433 Week 2 Quiz
1.Question :The strategist should examine the ______ and ______ of an industry.
development, evolution
development, attractiveness
structure, development
structure, attractiveness
2.Question :____________ sees the organization as a combination of resources, capabilities, and competencies.
IO economics
The RBV
The stakeholder view
The industrial economics view
3.Question :In a matrix structure, employees have _______ reporting arrangements.
multiple
single
dual
triple
4.Question :_________ theory explains how to scrutinize, investigate, and break down an organization’s strengths and weaknesses.
Stakeholder
IO
Management
Macroenvironmental
5.Question :The most sensible choice if one’s company cannot be the dominant player in its industry is to _____________.
scale economies
differentiate product
exit
increase capital
6.Question :__________ constrain the prices of industry’s products.
New entrants
Existing rivals
Complementors
Substitutes
7.Question :Scale economies relate to
per-unit costs
selling prices
bargaining power of suppliers
bargaining power of customers
8.Question :Which of the following is NOT one of Porter’s five industry forces?
existing rivals
new entrants
complementors
substitutes
9.Question :By value, Porter essentially meant _______.
power
logistics
strength
profit
10.Question :___________ provide access to new markets, give customers benefits, and are difficult for competitors to imitate.
Resources
Capabilities
Competencies
Core competencies
ASHFORD BUS 433 Complete Week 3 Quiz and DQs
ASHFORD BUS 433 Week 3 DQ 1 New Opportunities
New Opportunities. Most successful businesses are focused on existing markets and may not have the vision to spot new products and services. Respond to the following in a 250 -300 word post: Is this happening where you work? Does this lack of vision provide you an opportunity to develop an entrepreneurial venture? Respond to at least two of your classmates’ postings.
ASHFORD BUS 433 Week 3 DQ 2 Expansion
Expansion. Identify an entrepreneurial venture and in a 250-300 word response, answer the following questions: What circumstances might encourage the entrepreneur to enter into a new business area by acquisition? What different circumstances would encourage the same entrepreneur to merge with another company? Respond to at least two of your classmates’ postings.
ASHFORD BUS 433 Week 3 Quiz
1.Question :Corporate strategy deals with __________.
how the firm competes
the scope of the firm
role of each function
deciding what functions to perform
2.Question :____________ are critical elements in successful M&As.
Management strategies
Synergies
Portfolio management
Diversification
3.Question :According to the BCG matrix, the strategy for _______ is to invest in them and increase their share of the firm’s overall business.
cash cows
stars
question marks
dogs
4.Question :A sensitivity analysis is based on
levels of awareness
different assumptions about motivations
organizational politics
all of the above
5.Question :___________ movers take risks in anticipation of high returns.
First
Second
Third
Late
6.Question :________ firms diversify to a minor degree, but typically no more than 30 percent.
Related-product
Conglomerate
Dominant-product
Single-product
7.Question :The ability to achieve new resource configurations is a _______________________.
core competence
dynamic capability
distinctive competence
capability
8.Question :Superior advantage in a ______ position comes from managing critical ________ well.
differentiated, cost drivers
differentiated, value drivers
low-cost, value drivers
low-cost, cost drivers
9.Question :Quick strategic moves that remake ________ and do not elicit adequate responses from rivals are crucial for success.
corporate strategies
business strategies
business models
value chains
10.Question :______ emphasizes the importance of considering the timing of the moves of one’s competitors with the timing of one’s own moves.
Vision
Game theory
Mission
Value chain
ASHFORD BUS 433 Week 3 Strategy Change
Strategy Change. In a 2-3 page paper, identify an organization that has changed its strategy
(example: moving from differentiation to low cost) in the marketplace. Why do you think the company has
made its strategic change? How did it determine the appropriate time to make the change? What have been
the results? Use at least three references, two from ProQuest.
ASHFORD BUS 433 Complete Week 4 Quiz and DQs
ASHFORD BUS 433 Week 4 DQ 1 Process of Innovation
Process of Innovation. Respond to the following in a 250 -300 word post: Discuss the four main elements needed to bring an innovative idea to the marketplace. What are then some of the difficulties facing successful innovation? Respond to at least two of your classmates’ postings.
ASHFORD BUS 433 Week 4 DQ 2 Global Expansions
Global Expansions. In a 250-300 word post, answer the following questions: Are
there different ethical risks an entrepreneur faces if entering a market in a developed country as compared to a market in an undeveloped country? Identify those ethical risks. What recommendations would you make to such an entrepreneur about ethical risks? Respond to at least two of your classmates’ postings
ASHFORD BUS 433 Week 4 Quiz
1.Question :According to Porter, the diamond framework affects the competitiveness of ________ and ___________ as well as firms.
competitors, complementors
nations, regions
customers, suppliers
suppliers, competitors
2.Question :In new ventures, financial projections and risk analysis are part of a ___________.
strategic plan
corporate plan
business plan
loan plan
3.Question :“Conventional wisdom argues that domestic competition is wasteful. It leads to __________ and prevents companies from achieving economies of scale . . .”
duplication of effort
higher prices
fierce domestic competition
downgrading of the sources of competitive advantage
4.Question :In the _____ method of forecasting, successive requisitioning in light of initial answers sharpens the results obtained.
Trend analysis
Alternative scenarios
Delphi
Time series
5.Question :Comparative growth rates of nations in the major industrial nations after World War II was ___________.
normal
exceptional
negative
remained the same
6.Question :A firm that is considering doing business abroad must have a rationale and logic for how it can compensate for and overcome the liabilities and disadvantages that arise from its _______________.
strategies
vision
mission
foreignness
7.Question :The evolution of ___________ is a critical element in the formulation of a company’s strategy.
resources
business strategy
corporate strategy
industry structures
8.Question :In the __________ stage of industry evolution, there is a shakeout among the competition.
embryonic
growth
maturity
decline
9.Question :_____ ensures _______’s broad application.
invention, innovation
innovation, invention
innovation, exploitation
invention, exploitation
10.Question :The technology-push model of innovation starts with ___________.
discoveries in basic science and engineering
business venture
exploiting new technologies
development
ASHFORD BUS 433 Complete Week 5 DQs and Final Paper
ASHFORD BUS 433 Week 5 DQ 1 Challenges to Industry Giants
Challenges to Industry Giants. In your lifetime, do you think companies such as Coke, McDonald’s, or Google will be overtaken by new, entrepreneurial companies? In a 200-250 word response, indicate why you selected your answer. Respond to at least two of your classmates’ postings.
ASHFORD BUS 433 Week 5 DQ 2 Industry Change
Industry Change. Select an industry. In a 250-300 word response, describe the strategic turning points that caused change in the industry. Identify and describe how one company within the industry successfully reacted to the need for change. Respond to at least two of your classmates’ postings.
ASHFORD BUS 433 Week 5 Final Paper
Focus of the Final Paper
Imagine that you are the entrepreneur who has created a successful new venture. The venture is posed to expand domestically and internationally. In a 6-8 page paper, excluding title and reference pages, address the following:
- Identify what strategic leadership skills are needed for your entrepreneurial venture to take it to the next growth level. How will you evaluate the leaders in your venture to determine if they have the strategic leadership skills needed?
- In planning to take the entrepreneurial venture to another country, identify the challenges/problems the venture may face. What guidelines will you provide for managers to deal with the challenges/problems?
- What is the current level of entrepreneurial activities in the United States? Overall, is the climate for entrepreneurship improving or worsening? Your evaluation will determine whether strategic moves will be made to expand the venture domestically.
- As you work on your strategic plan for expansion, what kind of expansion model will you use: internal venturing, acquisitions, mergers, etc? What were the circumstances that influenced your choice?
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BUS 433 Entire Course
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BUS 433 Entire Course
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